EURGBPEURGBP
- Bearish Channel as an corrective pattern in Short Time Frame
- Break of Structure
- Consolidation Phase
- Completed " 12345 " Impulsive Waves
- Sell Side Liquidity
Eurgbptrend
EURGBP: Strong Bearish Move In Making! After looking at the previous daily candles, and how it closed, we have witness that sellers volume emerging in the market. Only thing that we currently need is to wait for another major reversal confirmation, This is a swing selling setup so please use this setup for long term entry.
If you like our idea then like and comment for more!
Team Setupsfx_
Short
EURGBP โ FRGNT DAILY CHART FORECAST Q1 | D22 | W3 | Y26๐
Q1 | D22 | W3 | Y26
๐EURGBP โ FRGNT DAILY CHART FORECAST
๐ Analysis Approach
Iโm applying a developed version of Smart Money Concepts, with a structured focus on:
โข Identifying Key Points of Interest (POIs) on Higher Time Frames (HTFs) ๐ฐ๏ธ
โข Using those POIs to define a clear and controlled trading range ๐
โข Refining those zones on Lower Time Frames (LTFs) ๐
โข Waiting for a Break of Structure (BoS) as confirmation โ
This process keeps me precise, disciplined, and aligned with market narrative, rather than reacting emotionally or chasing price.
๐ก My Motto
โCapital management, discipline, and consistency in your trading edge.โ
A positive risk-to-reward ratio, combined with a high-probability execution model, is the backbone of any sustainable trading plan ๐๐
โ ๏ธ On Losses
Losses are part of the mathematical reality of trading ๐ฒ
They donโt define you โ they are necessary, expected, and managed.
We acknowledge them, learn, and move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Further context and supporting material can be found in the Links section.
Stay sharp ๐ง
Stay consistent ๐ฏ
Protect your capital ๐
โ FRGNT ๐๐
FX:EURGBP
Short
EURGBPEURGBP
- Side Side Liquidity
- Bearish Channel as an corrective pattern in Long Time Frame
- Order Block
- Support Level
- Completed " 123 " Impulsive Waves
EURGBP | Strategic BUY Opportunity (Multi-Target Setup)๐ผ๐ EURGBP | Strategic BUY Opportunity (Multi-Target Setup)
Overview:
EURGBP is positioning for a bullish continuation, supported by stable price behavior and sustained buying interest near a key demand area.
Buy Zone (Focus Area):
๐ข 0.8680 โ 0.8675
This zone continues to attract buyers, offering a favorable location for long positioning.
Upside Objectives:
๐ฏ 0.8700 โ Initial reaction
๐ฏ 0.8720 โ Momentum extension
๐ฏ 0.8730 โ Structure expansion
๐ 0.8750 โ Possible stretch if momentum accelerates
Why This Setup Works:
โ Clear trend alignment
โ Strong price acceptance above demand
โ Controlled momentum with room to expand
Trade Management Insight:
Step-by-step profit booking allows capital protection while keeping exposure for higher targets.
Execution Guidance:
Wait for price confirmation inside the buy zone. Precision matters more than frequency.
Final Note:
As long as price respects the demand area, upside continuation remains the higher-probability scenario.
โธป
โจ Special Note for Serious Traders
If you value clean structure, disciplined risk management, and consistent execution over hype, feel free to connect. I work closely with focused traders who prefer quality over quantity.
๐ Professional mindset. Controlled risk. Long-term consistency.
Long
EURGBPEURGBP
- Order Block
- Completed " 12345 " Impulsive Waves
- Bearish Channel as an corrective pattern in Long Time Frame
- Fair Value Gap
- Buy Side Liquidity
EURGBPEURGBP
- Fair Value Gap
- Bearish Channel as an corrective pattern in Short Time Frame
- Demand Zone
- Order Block
- Change of Characteristics
EURGBP 2H | Price at Major Demand Zone After S/R Breakdown๐ EURGBP โ 2H
Price at Major Demand Zone After Breakdown | Watching for Bullish Reaction
This EURGBP 2-hour chart highlights a clean bearish structure followed by price reaching a key higher-timeframe demand (reversal) zone, where a potential bullish reaction may develop. The setup focuses on structure, S/R interchange, and volume-based confirmation rather than prediction.
๐ Market Structure & Context & Technical Analysis
EURGBP previously traded within a well-defined supportโresistance interchange zone (marked in blue).
Once this level failed, price showed strong bearish displacement, confirming a breakdown and shift in market structure.
The breakdown created a fresh supply area above, reinforcing bearish control in the short term.
Price continued lower in a controlled manner, suggesting institutional-driven selling, not panic.
๐ฉ Reversal Zone & Volume Burst
The highlighted green area marks a high-probability demand / reversal zone, aligned with:
Previous strong bullish departure
Volume burst indicating aggressive buying interest
Liquidity sweep below prior lows
This zone is where smart money may absorb remaining sell-side liquidity.
๐ Pattern Requirement (No Blind Entries)
The chart clearly emphasizes โPattern Mustโ โ meaning:
Looking for:
Bullish engulfing or strong rejection candle
Shift in internal structure (higher low on LTF)
Decreasing bearish momentum
Volume expansion on bullish candles
โก๏ธ Without confirmation, price can continue lower. Patience is mandatory.
๐ฏ Trade Expectations (If Confirmed)
Bias: Short-term bullish reaction / corrective move
Entry: After bullish confirmation inside the demand zone
Invalidation: Strong close below the demand zone
Targets:
First target: Internal resistance
Second target: S/R interchange zone above
Extended target: Supply mitigation before continuation
This allows favorable risk-to-reward while respecting the higher-timeframe bearish context.
๐ง Market Psychology Insight
Breakdowns often trap late sellers. Smart money frequently allows price to dip deeper into demand to collect liquidity, then reacts sharply. This setup is about waiting for evidence, not catching falling knives.
Long
EUR/GBP Technicals Support Higher Price Continuation๐น EUR/GBP โTHE CHUNNELโ โ DAY TRADE BULLISH SETUP ๐น
๐ Forex Market Trade Opportunity Guide
๐งญ ASSET
EUR/GBP โ โTHE CHUNNELโ
๐ TRADE PLAN
โ
Bullish Bias Confirmed
Moving Average Pullback
Triangular Moving Average Breakout + Retest
Momentum structure remains constructive on lower timeframes
๐ฏ ENTRY
๐ข YOU CAN ANY PRICE LEVEL ENTRY
(Adapt entries based on your execution model & risk framework)
๐ STOP LOSS
๐ด Thief SL: 0.87650
Dear Ladies & Gentleman (Thief OGโs), adjust your SL based on your own strategy & risk management.
๐ Note: I am not recommending to follow only my SL. Trading involves riskโmanage capital responsibly.
๐ฏ TARGET
๐ก Target Zone: 0.88200
Strong resistance area
Overbought conditions developing
Trap + corrective move potential โ book profits wisely
๐ Note: I am not recommending to follow only my TP. Secure profits according to your plan.
๐ RELATED PAIRS TO WATCH (Correlation Watchlist)
๐ฑ EURUSD
EUR strength against USD often supports upside pressure in EUR/GBP
Watch for EUR momentum continuation or divergence
๐ฑ GBPUSD
GBP weakness vs USD generally adds bullish bias to EUR/GBP
Sharp GBP recovery can cap EUR/GBP upside
๐ฑ EURJPY
Risk-on EUR flows reflected here often lead EUR crosses
Sustained EUR buying confirms EUR-side strength
๐ฑ GBPJPY
GBP risk sentiment proxy
Weakness here may signal broader GBP softness โ supportive for EUR/GBP longs
๐ง KEY NOTES
This is a DAY TRADE structure
Respect volatility during London session
Always align position size with account risk
๐ If this setup adds value to your trading plan, show support with a ๐ and share your chart perspective below.
๐ค Trade safe. Trade disciplined.
EUR/GBP Bearish Structure Activated After Technical Breakouts!๐ฅ EUR/GBP "THE CHUNNEL" ๐ BEARISH REVERSAL SETUP | Day/Swing Trade
๐ CURRENT MARKET DATA (Dec 10, 2025)
Live Price: 0.8737
Bias: BEARISH โฌ๏ธ
Setup Confirmed: Hull MA Pullback + TMA Breakout โ
๐ฏ THE SETUP
๐ ENTRY STRATEGY: "THIEF LAYERING METHOD"
Multiple sell limit orders (layer your entries for optimal positioning):
Layer 1: 0.87600
Layer 2: 0.87500
Layer 3: 0.87400
๐ก Thief OG's: Adjust layers based on your risk appetite & account size
๐ STOP LOSS
Thief SL: 0.87700
โ ๏ธ RISK DISCLAIMER: Dear Ladies & Gentlemen (Thief OG's), this is MY stop loss level based on MY strategy. You MUST adjust your SL according to YOUR OWN risk tolerance and trading plan. Not financial advice.
๐ฏ TAKE PROFIT TARGET
Primary Target: 0.86950
Technical Confluence:
โ
SuperTrend ATR acting as strong support zone
โ
Oversold conditions building
โ
Trap zone + correlation confirmation
โ
Hull MA trend reversal confirmed
๐ฐ PROFIT MANAGEMENT: Dear Ladies & Gentlemen (Thief OG's), I do NOT recommend blindly following my TP. Scale out, trail stops, and take profits at YOUR discretion. Your money = your rules. Trade at your own risk.
๐ RELATED PAIRS TO WATCH (Correlation Analysis)
๐ต GBP PAIRS (Inverse Correlation)
FX:GBPUSD - Currently: 1.3314 โ
Watch for GBP weakness confirmation
OANDA:GBPJPY - Currently: 208.53 โ
Risk sentiment indicator
OANDA:GBPCHF - Negative correlation with EUR/GBP
๐ถ EUR PAIRS (Direct Correlation)
FX:EURUSD - Currently: 1.1637 โ
Euro strength barometer
OANDA:EURCHF - Currently: 0.9352 โ
Safe-haven flow indicator
OANDA:EURJPY - Currently: 182.20 โ
Risk-on/risk-off confirmation
๐ KEY CORRELATION INSIGHTS:
If GBP/USD strengthens โ EUR/GBP likely drops โ
(Supports our bearish bias)
If EUR/USD weakens โ EUR/GBP likely drops โ
(Double confirmation)
EUR/CHF movement โ Shows Euro capital flows
GBP/JPY above 208 โ Risk-on environment (monitor closely)
Watch for: GBP strength OR Euro weakness = EUR/GBP downside acceleration ๐
๐ TECHNICAL ANALYSIS
Confirmed Signals:
๐ต Hull Moving Average pullback reversal pattern
๐บ Triangular Moving Average breakout (bearish)
๐ Price structure showing rejection at resistance
โก SuperTrend ATR support zone below @ 0.86950
Trade Logic:
Price has confirmed bearish reversal with strong technical confluence. Multiple moving average systems aligned for downside momentum. Layered entries allow for optimal risk-reward with reduced exposure at each level.
โ ๏ธ FULL RISK DISCLOSURE
THIEF OG'S - READ THIS:
โ This is NOT financial advice
โ I am NOT recommending you copy my SL/TP levels
โ
YOU must manage your own risk
โ
YOU decide when to enter/exit
โ
YOUR capital = YOUR responsibility
โ
Trade what YOU can afford to lose
Risk Management:
Position size according to your account, never risk more than 1-2% per trade, and always have a plan before entering.
๐ EDUCATION NOTE
The "Thief Layering Strategy" uses multiple limit orders to average into positions with improved entries. This reduces timing risk and provides flexibility for volatile market conditions.
Benefits:
โ
Better average entry price
โ
Reduced emotional decision-making
โ
Risk distributed across levels
โ
Adapts to volatility
๐ข Drop a ๐ if you're watching THE CHUNNEL with me!
๐ข Comment your thoughts below - What's your EUR/GBP bias?
๐ฌ Follow for more setups | ๐ Boost if this helps your analysis
EURGBP Bearish Breakout!
HI,Traders !
#EURGBP made a bearish
Breakout of the key
Horizontal level of 0.87473
Which is now a resistance
And the breakout is confirmed
So after the potential pullback
And retest we will be expecting
A further bearish move down !
Comment and subscribe to help us grow !
Short
EURGBP FRGNT DAILY FORECAST - Q4 | W50 | D8 | Y25 | ๐
Q4 | W50 | D8 | Y25 |
๐ EURGBP FRGNT DAILY FORECAST
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
GBPUSD FRGNT DAILY FORECAST - Q4 | W50 | D8 | Y25 | ๐
Q4 | W50 | D8 | Y25 |
๐ GBPUSD FRGNT DAILY FORECAST
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
Short
Is The EUR/GBP Pullback A Buying Opportunity?๐งญ EUR/GBP โThe Chunnel Charge!โ | Bullish Profit Pathway Setup ๐ท๐ถ
(Day Trade Plan | Funny-Professional Vibe by Thief Trader)
โ๏ธ Trade Overview
Hey traders! ๐ Welcome aboard the โChunnelโ express โ EUR/GBP edition!
This pair looks ready to ride north after a clean moving average pullback confirmation.
Plan:
Weโve got a bullish pathway lined up โ momentum favors buyers as long as the structure stays above key EMAs.
Entry:
๐ You can enter the market at any level based on your own comfort zone and confirmation setups. Flexibility is power โ trade what you see!
๐ก๏ธ Risk Management (a.k.a. The Thiefโs Shield)
Stop Loss: Thief SL @ 0.87600
๐ Note: Dear Ladies & Gentlemen (Thief OGโs) โ this is not a fixed or recommended SL.
Itโs your trade, your rules, your profits. Manage your risk wisely โ the market always gives second chances to disciplined traders!
๐ฏ Target Zone
Our target area sits near 0.88550, aligning with a strong resistance zone.
Why? Because:
Momentum faces overbought territory โ ๏ธ
Possible trap formation + correction zone ahead
Smart money might be waiting there to grab liquidity ๐ฐ
๐ Note: Again, Dear Thief OGโs โ take profits at your discretion!
Itโs your journey โ make money, take money, and protect your capital.
๐ Related Pairs to Watch
FX:EURUSD โ Often moves in similar rhythm to EUR/GBP during EUR strength phases.
FX:GBPUSD โ Inverse correlation; if GBP strengthens here, EUR/GBP might stall.
OANDA:EURAUD / OANDA:EURJPY โ Great for cross-confirmation of EUR momentum across the board.
Watching these can help confirm the broader Euro sentiment โ smart Thieves always look at the neighborhood before the heist ๐
๐ง Key Technical Highlights
Price action building bullish structure above MA support zone
Bullish rejection candles near previous swing lows
Increasing volume on green candles ๐
RSI showing a gentle bullish divergence hinting at continuation
โจ โIf you find value in my analysis, a ๐ and ๐ boost is much appreciated โ it helps me share more setups with the community!โ
โ ๏ธ Disclaimer
This is a Thief-style trading strategy just for fun ๐ถ๏ธ โ not financial advice.
Always do your own research and apply proper risk management before taking any trades.
#EURGBP #Forex #ThiefTrader #DayTrade #BullishSetup #PriceAction #SmartMoney #FXMarket #ChunnelTrade #MovingAverage #TradingView #TechnicalAnalysis #MarketStructure #LiquidityTrap #ForexEducation #ThiefOG
Long
EURGBP FRGNT Daily Forecast LTF - Q4 | W49 | D5 | Y25 |๐
Q4 | W49 | D5 | Y25 |
๐ EURGBP FRGNT Daily Forecast LTF
FRGNT FUN COUPON FRIDAY !
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
EURGBP FRGNT Daily Forecast LTF -Q4 | W49 | D4 | Y25 |๐
Q4 | W49 | D4 | Y25 |
๐ EURGBP FRGNT Daily Forecast LTF
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
EURGBP FRGNT Daily Forecast HTF -Q4 | W49 | D4 | Y25 |๐
Q4 | W49 | D4 | Y25 |
๐ EURGBP FRGNT Daily Forecast HTF
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
EURGBP FRGNT Daily Forecast -Q4 | W49| D3| Y25 |๐
Q4 | W49| D3| Y25 |
๐ EURGBP FRGNT Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
EURGBP FRGNT Daily Forecast - Q4 | W49 | D2 | Y25 | ๐
Q4 | W49| D2| Y25 |
๐ EURGBP FRGNT Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT
FX:EURGBP
Short
EURGBPEURGBP
- Bearish Channel as an corrective pattern in Short Time Frame
- Demand Zone
- Break of Structure
- Fair Value Gap
- Completed " 1234 " Impulsive Waves
EURGBP Forming Falling WedgeEURGBP is currently reacting from a multi-month demand zone that has repeatedly acted as a strong decision point for institutional flows. Even though this is a forex pair, the compression inside this falling wedge resembles the same accumulation behavior we often track in crypto before major continuation moves. Price has tapped into the highlighted support area with clear rejection wicks, signaling that liquidity has been collected and buyers are starting to regain momentum. The structure shows higher-timeframe bullish pressure holding firm despite recent pullbacks.
From a macro perspective, todayโs fundamentals still support Euro resilience because expectations around ECB policy remain steady, while UK growth projections continue to fluctuate due to persistent inflation and ongoing rate-cut uncertainty. This imbalance keeps EURGBP supported on dips, and it aligns well with the reaction weโre seeing on the chart. The wedge pattern forming at a key zone increases probability for a bullish breakout in coming sessions as volatility returns and liquidity shifts toward safer currency flows.
If the wedge breaks to the upside with strong momentum, the next liquidity pocket sits around recent highs, offering a clean path for continuation. The market has already shown a shift in sentiment with buyers defending the structure, and the current consolidation suggests a potential bullish expansion phase. As crypto traders often look for compression-to-expansion setups, this is the same type of play: tight structure, repeated support tests, and a favorable macro backdrop.
Overall, this is a high-probability accumulation zone for a bullish rebound. As long as price stays above this demand level, EURGBP has room to climb toward premium zones with strong trend continuation potential. This setup aligns with trader-focused key words such as liquidity sweep, demand zone validation, bullish continuation, and breakout momentum, making it a clean, high-confidence analysis to share with the TradingView community.
Long
Q4 | W48| D25 | Y25 | - EURGBP FRGNT Daily Forecast๐
Q4 | W48| D25 | Y25 |
๐ EURGBP FRGNT Daily Forecast
๐ Analysis Approach:
Iโm applying Smart Money Concepts, focusing on:
Identifying Points of Interest on the Higher Time Frames (HTFs) ๐ฐ๏ธ
Using those POIs to define a clear trading range ๐
Refining those zones on Lower Time Frames (LTFs) ๐
Waiting for a Break of Structure (BoS) for confirmation โ
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
๐ก My Motto:
"Capital management, discipline, and consistency in your trading edge."
A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan ๐๐
โ ๏ธ Losses?
Theyโre part of the mathematical game of trading ๐ฒ
They donโt define you โ theyโre necessary, they happen, and we move forward ๐โก๏ธ
๐ I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital
โ FRNGT ๐
FX:EURGBP
Short
Market Analysis: EUR/GBP Awaits CatalystMarket Analysis: EUR/GBP Awaits Catalyst
EUR/GBP is consolidating and might aim for a fresh increase above 0.8800.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a positive zone above the 0.8750 pivot level.
- There is a short-term declining channel forming with resistance near 0.8805 on the hourly chart.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP, the pair started a consolidation phase after it failed to surpass 0.8830. The Euro traded below 0.8800 and 0.8790 against the British Pound.
The EUR/GBP chart suggests that the pair even tested 0.8775. A low was formed at 0.8773 and the pair is now correcting some losses. It climbed above the 23.6% Fib retracement level of the downward move from the 0.8816 swing high to the 0.8773 low.
The pair is now facing resistance near 0.8795 and the 50-hour simple moving average. The next hurdle sits at 0.8805. There is also a short-term declining channel forming with resistance near 0.8805. It coincides with the 76.4% Fib retracement.
A close above the 0.8805 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8830. Any more gains might send the pair toward 0.8850.
Immediate support sits near 0.8770. The next area of interest for the bulls might be 0.8760. A downside break below 0.8760 might call for more downsides. In the stated case, the pair could drop toward 0.8720.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
